Grant Bailey Art Direction Limited 31/05/2026 iXBRL

Company registration number: 08062188

Grant Bailey Art Direction Limited

Unaudited filleted financial statements

31 May 2026

Grant Bailey Art Direction Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Grant Bailey Art Direction Limited

Directors and other information


	Directors	Mr Grant Bailey
		Mrs Samantha Abbott-Bailey


	Company number	08062188


	Registered office	82 West Street
		Rochford
		Essex
		SS4 1AS


	Business address	15 Danesleigh Gardens
		Leigh on Sea
		Essex
		SS9 4NL


	Accountants	Murphy Collins Limited
		Sovereign House
		82 West Street
		Rochford
		Essex
		SS4 1AS

Grant Bailey Art Direction Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Grant Bailey Art Direction Limited

Year ended 31 May 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grant Bailey Art Direction Limited for the year ended 31 May 2026 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Grant Bailey Art Direction Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Grant Bailey Art Direction Limited and state those matters that we have agreed to state to the board of directors of Grant Bailey Art Direction Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grant Bailey Art Direction Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Grant Bailey Art Direction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Grant Bailey Art Direction Limited. You consider that Grant Bailey Art Direction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Grant Bailey Art Direction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Murphy Collins Limited

Chartered Accountants

Sovereign House

82 West Street

Rochford

Essex

SS4 1AS

6 October 2026

Grant Bailey Art Direction Limited

Statement of financial position

31 May 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	7	54,323		-
		_______		_______
			54,323		-

Current assets
Debtors	8	7,956		7,461
Cash at bank and in hand		74,142		166,378
		_______		_______
		82,098		173,839
Creditors: amounts falling due
within one year	9	( 14,299)		( 54,824)
		_______		_______
Net current assets			67,799		119,015
			_______		_______
Total assets less current liabilities			122,122		119,015


Provisions for liabilities	10		( 10,321)		-

			_______		_______
Net assets			111,801		119,015
			_______		_______

Capital and reserves
Called up share capital	12		100		100
Profit and loss account			111,701		118,915
			_______		_______
Shareholders funds			111,801		119,015
			_______		_______

For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 06 October 2026 , and are signed on behalf of the board by:

Mr Grant Bailey

Director

Company registration number: 08062188

Grant Bailey Art Direction Limited

Statement of changes in equity

Year ended 31 May 2026

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 June 2024	100	66,597	66,697

Profit for the year		129,318	129,318
	_______	_______	_______
Total comprehensive income for the year	-	129,318	129,318

Dividends paid and payable		( 77,000)	( 77,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 77,000)	( 77,000)

	_______	_______	_______
At 31 May 2025 and 1 June 2025	100	118,915	119,015

Profit for the year		59,786	59,786
	_______	_______	_______
Total comprehensive income for the year	-	59,786	59,786

Dividends paid and payable		( 67,000)	( 67,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 67,000)	( 67,000)

	_______	_______	_______
At 31 May 2026	100	111,701	111,801
	_______	_______	_______

Grant Bailey Art Direction Limited

Notes to the financial statements

Year ended 31 May 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sovereign House, 82 West Street, Rochford, Essex, SS4 1AS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Office	-	10 %	straight line
Fittings fixtures and equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tax on profit

Major components of tax expense

	2026	2025
	£	£
Current tax:
UK current tax expense	3,703	41,623
	_______	_______

Deferred tax:
Origination and reversal of timing differences	10,321	-
	_______	_______
Tax on profit	14,024	41,623
	_______	_______

6. Dividends

Equity dividends

	2026	2025
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	67,000	77,000
	_______	_______

7. Tangible assets

	Office	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 June 2025	-	4,742	4,742
Additions	57,591	3,321	60,912
	_______	_______	_______
At 31 May 2026	57,591	8,063	65,654
	_______	_______	_______
Depreciation
At 1 June 2025	-	4,742	4,742
Charge for the year	5,759	830	6,589
	_______	_______	_______
At 31 May 2026	5,759	5,572	11,331
	_______	_______	_______
Carrying amount
At 31 May 2026	51,832	2,491	54,323
	_______	_______	_______
At 31 May 2025	-	-	-
	_______	_______	_______

8. Debtors

	2026	2025
	£	£
Trade debtors	7,956	7,461
	_______	_______

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Corporation tax	3,703	41,623
Social security and other taxes	8,117	10,628
Other creditors	2,479	2,573
	_______	_______
	14,299	54,824
	_______	_______

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1 June 2025	-	-
Additions	10,321	10,321
	_______	_______
At 31 May 2026	10,321	10,321
	_______	_______

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions (note 10)	10,321	-
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

			2026	2025
			£	£

12. Called up share capital

Issued, called up and fully paid

	2026		2025
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

13. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Grant Bailey	( 173)	( 6)	( 179)
		_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Grant Bailey	( 17,402)	17,229	( 173)
		_______	_______	_______

14. Controlling party

Mr G Bailey controls the company.